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20121129
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. he spoke with speaker boehner and harry reid over the weekend and yet no meeting date is set. what kind of outreach is going on behind the scenes? are you aware, ken, of any other relationships that are being developed at this moment to try to fend off the fiscal cliff? >> yeah. mostly what we're hearing about is that the staff level there are ongoing negotiations between the white house, between harry reid and the senate majority leader's office and john boehner's office, the house republicans. but so far what we've seen, at least in the principal, is really just highlighting the differences and how stark the differences are. yes, there have been some republicans who have publicly said they are open to poe tengts tax increases, revenue increases, but even more so we're seeing this entrenchment over the military spending cuts, the unwilling nness to see that and we're seeing on the democratic side the idea that maybe it wouldn't be so bad if we went over the fiscal cliff and kicked the can down the road to the next congress which will be more favorable from the liberal perspective
and harry reid over the weekend about avoiding the fiscal cliff. the president will meet with small business owners today. tomorrow he meets with middle class americans who would be affected by tax hikes and more business leaders. friday he's going to travel to hatfield pennsylvania where he will give campaign style remarks to get support for congress to negotiate the right kind of deal. we are back with more steph after this. ♪ [ ♪ theme ♪ ] >> announcer: ladies and gentlemen, it's the "stephanie miller show." ♪ >> yahoo, it is the "stephanie miller show," welcome to it. 1-800-steph-1-2 toll free from everywhere. steven weber. he will be there nobody panic he will be right there. charlie pierce said some good stuff about the fiscal cliff and other things. this is going to be a fascinating discussion. the president playing three dimensional chess. told you so. >> never mind. >> never mind. >> corn? when did we book corn? [ laughter ] >> oh, you kids. i swear. all right, you know what? i think there's a little estrogen in the clubhouse. ♪ ♪ >> hi, jackie schechner. >> good morning
of the session. 12,879, matching what we saw when harry reid began making comments about an hour and a half ago. the nasdaq lower by nearly nine points. the s&p lower by seven points. 1399, just below the 1400 level. why the late-day selloff? most on the street blaming these words out of washington about fiscal cliff. >> there's been little progress with the republicans, which is a disappointment to me. they've talked some happy talk about doing revenues, but we only have a couple weeks to get something done. so we have to get away from the happy talk and start talking about specific things. >> as we head into the fiscal cliff negotiations, my advice to the president would be seems like our friends on the other side are having some difficulty turning off the campaign. we need to sit down and work this matter out. >> behind closed doors. even with the fiscal cliff looming over the markets, our own jeff cox with cnbc.com says there's a growing bit of optimism about the outlook for next year. take a look at some of the predictions from some of the street's biggest names regarding the s&p 500 for n
don't think there's a reason to think it's going to go gang busters. >> we saw harry reid speak yesterday. the market moves when we see different comments out of washington. we saw it again today on this perception that was actually positive commentary. our bar has gotten pretty low. we see stocks move around a lot. what about interest rates? are they responding as much? >> well, perfect question. look at the chart. here's a chart of today's treasury action against the equity market. indeed, other than around 1:00 eastern after the auction, they've been correlating. stocks go up, rates go up. stocks go down, rates go down. we're trading on pr. if the premise of this exchange is should we trade on headlines, if you're a day trader who understands once you make a trade and the air is gone out of the person you trade it with, that's the only realism that is there. pr doesn't move markets more than the short term. most of the people i talk to on the automated side say these are rhythmic traders with algorithms. >> do you have a theory on why gold is down today? >> my theory is simpl
programs. it is something that was taken out of my paycheck. >> bill: thank you. >> caller: harry reid said they didn't contribute to the debt problem. these big tax breaks contributed to the debt problem, the two false wars created the deficit. we need to lock arms and walk up to the cliff and see what it is all about. >> bill: arnold you got it. alan in new bedford mass. >> caller: good morning, bill. i think there are two separate issues. the bush tax cuts were to expire in 2010. they were only extended was because of [ inaudible ]. period. >> bill: yeah, that was all over the debt ceiling negotiations. the president went along with it, but it's time to end them now. they are still making the argument that that is a job creator. no, it's not. no, it's not. >> announcer: this is the "bill press show." ♪ >> announcer: chatting with you live at current.com/bill press. this is the "bill press show," live on your radio and current tv. >> bill: how about it coming to you live indeed. coming you live on cirrus xm this hour only and on current tv. republicans talking out b
neither house speaker john a. boehner nor senator majority leader harry reid. in a position to make it happen. >> i think that's right. when the time comes, if we get to the time where a grand bargain of, you know, big deal that would take care of the nation's fiscal challenges for the next 10 or 20 or 30 year, the president will have to be the one who lays it all out and he's argued for a balanced approach, has offered, you know, $3 in spending cuts to every $1 in tax increases. what he campaigned on. he's in a good position to make that case. not -- the moment is not right exactly right now but i think when we get there he's going to be the one that will have to frame the whole thing up. >> we saw the polls yesterday and harold, that if this doesn't work out, people are going to blame and it seems republicans will take some of the blame. i think people are beginning to look for movement from both sides but would be upset if it didn't happen with a republican party. >> it has to work out in some form or another. hopefully it's a long-term solution or patchwork solution so it's a qu
of representatives, the honorable nancy pelosi. [applause] >> good morning. speaker, leaders reid and mcconnell. today when congress bestows the congressional gold medal on arnold palmer, we will be honoring a living legend. he is an icon of american sports and a success in all of his endeavors. a humanitarian, businessman, philanthropist. he personifies the american dream, the idea that anyone can travel as far as their talent will carry them. we think him for his service in the coast guard, for protecting that american dream for all americans. born to humble beginnings and raised in latrobe, pennsylvania, arnold rose from blue-collar roots to becoming the king, the king of golf. as king of golf, he raised up arnold's army. he always demonstrated etiquette, courtesy and friendship to fans and competitors alike. as arnie's army followed him on the course, he taught everyone about perseverance and discipline. he taught us that you can be six strokes ahead, and still lose. but you can be strikes -- six strokes behind and still win. as he said, he always made a total effort, even when the odds see
that's caused significant gridlock in the past, senate majority leader harry reid thinks a deal can be done by mid december, well ahead of the deadline. >> we have the cornerstone of being able to work something out. we're both going to have to give up some of the things that we to are a problem and so, it's like when we arrive at a point where we all know something has to be done. there's no more let's do it some other time. >> right now, there's some outside pressure on congressional negotiators to raise the 18.4 cent per gallon federal gasoline tax, something that's being pushed by state highway officials and road builders across america. casinos are also pushing to get language legalizing online poker into a deal and governors hit hard by superstorm sandy or wanting more if federal aid to come to them through a potential deal. whatever agreement it made to avoid the fiscal cliff, it's going to be worth a lot of money and now is the time that groups are stepping up to see if they can get in on some of that. >> all right, everyone wants a little piece of the action and everyone wa
reid and the democratic caucus to meet halfway on entitlement reform? >> that is a question, certainly. and i think that the democrats were as unhappy in the part of the democratic caucus when the bargaining negotiations took place. democrats were as unhappy as parts of majority leader cantor's kau can cuss were about the revenue side. you made the point that it's a big deal for speaker boehner to put the notion of new revenue on the table so what has changed in your caucus and your caucus' outlook when the notion of new revenue was for a lot of your members not talked about. what's changed in those districts where people got re-electeded having not changed their position at all? we were re-elected to fix problems. we were elected to fix the problems to get the economy going again and to fix the deficit. well, the president got re-elected. we know at the end of this year taxes are going up on everybody. everybody. rich, poor alike. we have marginal rates across the spectrum going up as well as c cap gains, dividends. everything. this is the so-called fiscal cliff, right? so we know tha
close at the lows of the day. a lot of concern after harry reid made some comments suggesting that maybe there was not a lot of progress made. eamon javers has commented saying you shouldn't read too closely into it, but this morning futures are indicated slightly lower once again. in europe, you'll see that there are some red arrows there as well. in france, the cac is down by about 12 points. in london, the ftse is off by 17. in germany, the dax is down by about 14.5 points. in asia overnight, same story. the hang seng was down by .6 of a percent. the shanghai composite was down by .9. the biggest loser was the nikkei. oil prices are slightly weaker, down by about 42 cents. the ten-year note at this hour is yielding 1.62%. been watching the dlampl here's something that snuck up on us. the chinese -- >> you're going to start saying that? >> you want me to call it -- >> if you start saying this other word, i'm going to learn how to say it. what made you decide? >> i'm thinking rnd, which is how they lay it out. i'm thinking rnb. >> okay, if you're going to do it, i'll practice. >> that's
. there is a theory -- patty murray is a prominent democrat. doesn't have the name recognition of harry reid. she clearly says if we don't get what we want, let's go over the cliff. this is the most important part. we talk about the fiscal cliff and recession. this is not as if a fire and brimstone will ring down on the earth on january 1st. slow and steady decline. when i tell people i expect us to breach this and go into the new year, i don't think that this is going to be the power goes out on january 1st. there will be a debate and slope. if you resolve this in a week or week and a half or two weeks, not much will happen economically speaking. the economy will not fold in on itself and we'll have this conversation eating spam in cave in the woods. >> that's good to know. he may be judging from what his weekends are like. >> that's an official view. >> where's the love? happy holidays to everybody. >> spam is not good. >> it's delicious. >> dan, thanks for stopping by. sears, kmart, walmart, best buy adding last-minute deals to sales list for black friday shoppers. find out what the deals are
. it started with harry reid and the simpson-bowles commission. i thought this was another commission where the work would be buried on some hard drive, but it turned out to be a historic effort and a game changer. mainly through the good work of erskine bowles and alan simpson, but hard work was put into this by 18 members, evenly divided between house and senate, democrat and republican. we voted for the final work product. then i was invited to join the gang of 6 to try to continue the conversation and that expanded to the gang of 8. has been going on for two years. that's awful lot of popcorn in mark warner's office, but it was a great indication -- education and in really talking through not just the reality of the deficit but the political reality of the deficit, which we have to be more sensitive to if we're looking for a solution. all all the way, some of my friends on the left came to visit. i recall one in particular, a labor leader who said, "what is a nice progress of like you doing in a place like this? why are you hanging with these people? you know they are up to no good ." i
'm a residence -- i supported the ambitious education reform in d.c. push by chancellor reid. they lack the community support necessary. i think a key take away from these election is stop focus on the men any and start shoring up allies especially parent and teacher. the governor mentioned this morning. that leads me to a second point. i believe the key lesson learned is the importance of political -- not just policy. reformers have been rightly focused on getting the politician and practices right. especially with implementing big reforms and common core teachers and principal evaluation system and increased school of choice. governor, you and i probably disagree here on choice. i think vouchers are something of a ration which concentrate on public school choice. regardless of the work to get it done, i think, you know, so you been a champion of charter schools in florida and across the country. we have a lot of work to do. you can't play the inside game without an outside game. this election taught us that passing a reform-minded law doesn't mean voters will support it a year or two
pelosi. they are also going to see house speaker jo eer john boehner, ha reid, they'll go to vegas, won't hear about what happens there, and senate minority leader mitch mcconnell. they can go visit him south of cincinnati. they went out to ask constituents who are we talking about? citizens. local business owners. large company ceos. whether their elected representative is representing them or not. john harwood kicks things off with a visit to speaker boehner's home state of ohio. you're not there yet, are you? where are you going specifically? >> i have been there already. here in washington the fiscal cliff is an abstract policy debate but in the southwest ohio congressional district of john boehner, the house speaker, which i visited last week, a tip back into recession would cause real economic pain. middle town and rest of southwestern ohio is working its way back economically from the long-term loss of manufacturing jobs and troubles in the auto industry. the last thing this area needs now is another economic setback from the fiscal cliff. house speaker boehner and his colleagues
with speaker of the house boehner and senate majority leader reid over the weekend. our team is continuing discussions with their congressional counterparts on this matter and it is entirely appropriate, i would say, both for the president and for leaders in congress, to have this discussion, not just among themselves but with the american people. and that's what the president's doing. that's why he's meeting with business leaders. i assume you wouldn't or critics would not suggest that is a mistake or meeting with civic leaders or labor leaders, because everyone the president's meeting with has both i think useful ideas and a substantial stake in the outcome of these negotiations because it is vitally important that we take action to ensure that, for example, middle-class americans don't see their taxes go up by an average of $2,200 next year. there's no reason for that to happen. because as you know, democrats and republicans alike believe those tax rates should not go up. so let's act on what we agree on. let's demonstrate to the american people that washington can function. that when e
Search Results 0 to 14 of about 15